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Stock impact report

DEADLINE APPROACHING: Multiple Lawsuits Filed Against XP, Inc. for Securities Fraud; Block & Leviton LLP Encourages Shareholders Who Have Lost Money to Contact the Firm

XP Inc. - Class A (XP) 
Company Research Source: GlobeNewswire
BOSTON, April 17, 2020 (GLOBE NEWSWIRE) -- Block & Leviton LLP (www.blockesq.com), a national securities litigation firm, announces that multiple class action lawsuits have been filed against XP, Inc. (“XP”) (NASDAQ: XP) and certain of its officers for securities fraud. The lead plaintiff deadline is May 20, 2020. Investors who purchased XP shares should contact Block & Leviton for a free case evaluation. XP is one of the largest brokerage firms in Brazil. On December 13, 2019, it went public in the United States, launching a $1.96 billion initial public offering (“IPO”). The lawsuits, filed in the U.S. District Court for the Eastern District of New York, allege that less than three months later, investment firm The Winkler Group published a short report raising serious questions about the accuracy of XP’s financials. This report charged that there were significant discrepancies between XP’s internal audits and the financial statements that XP provided investors in the material Show less Read more
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